Category: 桑拿

Minor borrow online games recharge game Tencent: has established a corresponding processing mechanism

Minor borrow online games recharge game Tencent: has established a corresponding processing mechanism
During the epidemic, minors’ online courses through mobile phones have become the main learning path.However, many parents have recently reported that children use online classes to play and recharge games such as “Peace Elite” and “Glory of the King” through mobile phones.On March 12, the reporter logged into the Black Cat complaint platform and found that many netizens reported that minors recharged the game without their parents’ knowledge.One of the netizens complained that a 9-year-old child at home used his mother’s mobile phone to play “Peace Elite” and experienced parental consent to recharge 4121 yuan.Another parent also said that 11-year-olds at home use their mobile phones to recharge “Peace Elite” more than 5,000 yuan during online classes.Similar complaints also appeared on another popular mobile game “Glory of the King”.The reporter noticed that many netizens also said that their children recharge the game privately, hoping that the game platform can give back.Also according to Southern Metropolis Daily, Jiangsu Provincial Radio and Television Station and other media reports, in addition to recharging games in the name of online courses, minors log in to the live broadcast platform to mainly broadcast rewards.”For the case of suspected minor consumption, we have a case where the user has provided sufficient proof and has been properly handled.On March 12, Tencent staff told reporters that parents need to provide their and children ‘s identification, parent-child relationship and other necessary basic information. After verifying with the background data of the account and communicating with parents and childrenTencent will conduct multi-dimensional comprehensive evaluation and processing.The reporter learned that, in response to the game recharge of minors, Tencent ‘s health system launched in 2017 has received public security real name reset and face recognition verification and other methods to strengthen the decision of minors ‘identity and game behavior.limit.In addition, parents can also actively manage their children’s game time and game consumption through Tencent’s “Growth Guardian Platform”. In addition to setting a single sum and accumulating the amount of consumption, it can also be prohibited by “one-key charge prohibition”All in-game consumption.”For suspected minor game consumption, we have established an expected channel and established a relatively complete processing mechanism.At the same time, it will try to launch a service of active reminder of consumption from 2018, try to actively intervene in the consumption of suspected minors, and contact the owner of the relevant payment account to remind and confirm.”Tencent staff said,” From the past experience, the vast majority of minor game consumption in addition to misappropriating the identity information of adults, but also access to adult payment information.In addition to reminding parents to keep their identity information, mobile devices and payment passwords to avoid the least loss, we will continue to improve our work and strengthen collaboration with parents, hoping to avoid irrational consumption of minors.”Sauna, Ye Wang Qin Che editor Yue Caizhou proofreading Li Xiangling

Hui Yinghong: Because Zhou Xun starred in The Imperfect She, she agrees with the role bias

Hui Yinghong: Because Zhou Xun starred in “The Imperfect She”, she agrees with the role bias
The woman who is becoming a popular video on Tencent is full of online drama “Imperfect She”, which attracts attention because of the collection of powerful actors such as Zhou Xun, Hui Yinghong, Zhao Yazhi, and Jin Shijie.Hui Yinghong plays Lin Xuzhi (Zhou Xun) ‘s adoptive mother Yuan Ling in the script. She accepted the sauna and admitted in an interview with Yeewang that her acting was mainly due to her ability to cooperate with Zhou Xun.The strong side of retreat.”Imperfect She” Huiying Hong stills.The picture is from Network 1. The reception is mainly because Zhou Xunhui Yinghong has won the Golden Award several times, and the Golden Horse Awards have performed many classic roles.Yuan Ling, who she played in “Imperfect She”, is the president of a listed company. Her career has been quite successful, and her marriage life has been ruined.Because no boy was born, her husband divorced her and she raised her three daughters alone.Among them, the eldest daughter Lin Xuzhi was the child adopted by Yuan Ling before marriage. Although she loved Lin Xuzhi in fact, she was kept away from everyone because of her psychological shadow of being abandoned by her biological mother in her childhood.Hui Yinghong told the sauna, Yewang, that she was acting in “Imperfect She” mainly because of Zhou Xun in this drama.”She (Zhou Xun) is an actor I like very much.As soon as I heard about her in this drama, I was very excited to work with her.After reading the script again, it was also very good, I felt it was necessary to shoot.”Yuan Ling in the play is the person who knows the most secrets. She has always been in contact with Lin Xuzhi’s biological mother Zhong Hui (Zhao Yazhi), but for a secret old thing that is not good for Lin Xu, the two met to hide Lin Xuzhi.Hui Yinghong believes that the key to shaping Yuan Ling’s role is to show the strong side of her character through her handling of difficulties.”She has faced so many difficulties, is still so strong, and has become a successful business woman. I believe that the audience can see something very positive from her, and see that women will not shrink from facing side.”2. Identify Yuan Ling’s” eccentric “drama. Yuan Ling’s second daughter Lin Yizhi and her third daughter Lin Guozhi were born of her and her ex-husband. They did not know that the older sister Lin Xuzhi was adopted.Yuan Ling’s love for Lin Xu was especially “eccentric”. For the fact that Lin Xuzhi suddenly brought a granddaughter Lin Xiaoou back, Yuan Ling didn’t ask the reason at all, and even said that he knew this thing long ago, and later helped Lin Xiaoou contact private schools.Therefore, her second daughter Lin Yizhi often joked that it seems that only the eldest sister is a mother.Adopting a daughter is better than having a biological daughter, which is rare but also contrary to human nature.Hui Yinghong expressed understanding and approval of Yuan Ling’s approach in the play.”Because she (Yuan Ling) knows that this daughter’s heart is particularly fragile, she fears that if her love is not enough, the wounded heart of Ou Zhi will be even more hurt.If I were her, I believe that my approach is the same, and I will try my best to use love to repair the pain in my heart. “In fact, being able to raise three daughters with different personalities but strong and independent, Yuan Ling’s performance as a mother is excellent.But in Hui Yinghong’s view, Yuan Ling also has imperfections-she is afraid of losing Lin Xuzhi, and she is also afraid that the two biological daughters do not accept her so much.”She has to deal with such fears, which is her imperfection.”Sauna, Ye Wang Yang Lianjie Editor Tong Na proofreading Li Lijun

Antarctic e-commerce (002127): Monetization rate has remained flat for many years and the quality of statements has been further optimized

Antarctic e-commerce (002127): Monetization rate has remained flat for many years and the quality of statements has been further optimized

Core point of view: The monetization rate has 合肥夜网 remained flat for ten years, and the quality of statements has been further optimized. The company released a quarterly report and achieved revenue of 8.

24 ppm, a 63-year increase of 63.

4%; net profit attributable to mother 1.

22 ppm, an increase of 36 in ten years.


In terms of main business, 19Q1 achieved GMV51.

USD 5.6 billion, an annual increase of 53%; realizing comprehensive brand service fees and licensing fees1.

29 ppm, an increase of 55 in ten years.

4%, monetization reform 2.

5%, unchanged from 1Q18, mainly due to the increase in dealer brand licensing fees; net profit of the main business was 0.

92 ppm, an increase of 50 in ten years.

8%, revenue and profit growth exceeded market expectations.

According to the financial report, by brand, in 1Q19, the Antarctic brand achieved GMV45.

20,000 yuan, an increase of 56 in ten years.

8%; Cardile achieved a GMV of 5.

610,000 yuan, an increase of 38 in ten years.

9%, the short-term growth rate is mainly to maintain brand tone, superiority and inferiority eliminated some low-end dealers.

In terms of channels, in 1Q19 Ali channels achieved 36 trillion GMV, a 50% increase; Jingdong channel GMV 8.

4 trillion, the same increase of 37.

8%; Pinduoduo Channel GMV 5.

1.6 billion, an increase of 95%; Vipshop channels GMV 1.

USD 6.8 billion, an annual growth rate of 133%. Pinduoduo and Vipshop channels have achieved rapid growth.

The company’s 1Q19 operating net cash flow was zero.

91 ppm, an increase of 1 per year.

3.7 billion.

Accounts receivable at the end of 1Q19 was 8.

8 ‰, reduced by 0 per year.

200 million US dollars, including factoring, time-linked receivables and the reduced amount, the main business receivables can also increase beyond the income end, improving the quality of earnings.

Profit forecast and investment advice The company focuses on new fast-moving consumer goods, empowers suppliers and distributors with an asset-light authorization model, and expands along the three dimensions of “brand, channel, category”. At the same time, it has begun to strengthen brand promotion 佛山桑拿网 and quality control system construction., Beneficial to the healthy development of Antarctic ecology.

We expect the net profit attributable to mothers to be 12 in 19-20.

500 million and 16.

5 ppm, the company’s 19-21 year performance is expected to grow at a compound growth rate of 34%, given the 19X 28EPE estimate, corresponding to a reasonable value of 14.

3 yuan / share, maintain “Buy” rating.

Risk reminder: possible talent advantages in the process of high-speed expansion; the introduction of the e-commerce law may affect the sales of some dealers; and the cost of acquiring traffic on various e-commerce platforms has improved.

Panwei Network (603039) semi-annual report comment: net profit growth rate was 35.

70% of R & D investment achieved a breakthrough

Panwei Network (603039) semi-annual report comment: net profit growth rate was 35.

70% of R & D investment achieved a breakthrough

Net profit growth rate was 35.

70%, short-term increase in gross profit margin1.

16pct company released 2019 semi-annual report: Realizing revenue 5.

50,000 yuan, an increase of 25 in ten years.

96%; net profit attributable to mother 4919.

370,000 yuan, an increase of 35 in ten years.

70%; net profit after deduction is 3570.

20,000 yuan, an increase of 16 in ten years.

36%, performance in line with market expectations.

2019H1 sales expenses increase by 27 in ten years.

11%; management expenses increased by 6 in ten years.

77%, mainly due to the increase in wages and benefits of the number of persons reported.

Gross profit margin was 96.

05%, a year to increase by 1.

16 points.

Net cash flow from operating activities was 3045.

09 million yuan, a decrease of 28 a year.

55%, mainly due to the increase in project implementation fees paid for reporting purposes.

Breakthroughs in R & D investment, steady progress in localization, and OA office applications gradually improved in the first half of 2019.

500,000 yuan, an annual increase of 22.

31%, breakthroughs in technology research and development.

(1) The progress of localization is steadily advancing: the company deeply develops and supports the localization system, replacing multiple localization technology platforms, supporting the deployment of domestic operating systems, domestic middleware, and domestic databases, and serving domestic customers.

(2) Gradually perfect applications in the OA office field: launched and improved a variety of application functions, solutions and configuration tools in the mobile office field; continued optimization and upgrades in collaborative applications, mobile applications, data centers, etc., and multi-time attendance, Bank-enterprise direct connection, system-related secrets, expense control and other aspects of upgrading and expanding applications.

(3) Continuous upgrade and optimization of the intelligent system: The company continues to 北京SPA会所 improve the technical architecture of the development system, adheres to the open technology platform for collaborative office with components and APIs as its core, and the intelligent system is continuously upgraded and optimized.

The multi-level marketing system continues to expand, which is conducive to the steady growth of OA software revenue. For E-cology products, the company has established more than 300 service teams in nine regions across the country to provide localized services; for e-office products, the company’s first-tier citiesDevelopment partners and business partners, set up a dedicated team responsible for product support and sales support by region; for mobile office cloud OA-eteams products based on the SAAS cloud architecture, the company recruited online sales and regional sales teams.

The company’s multi-level marketing service system is constantly growing, which is conducive to the steady growth of OA office software revenue.

Investment suggestions R & D breakthroughs have made breakthroughs, and we are optimistic about the continued growth of the company’s business in the future.

The company’s EPS for 2019-2021 is expected to be 1.

00, 1.

31, 1.

65 yuan, maintain the “recommended” level.

Risk warning: Business progress is less than expected, R & D progress is less than expected, and industry competition is intensifying

The United States’ foreign shareholding ratio hits a new high. Who will be the next buy hot stock

The United States’ foreign shareholding ratio hits a new high. Who will be the next “buy hot stock”
Come to Sina University of Finance and listen to Peng Daofu’s “Five Lectures on Super Long and In-depth Analysis of Leading Tactics” to reveal the best stock investment strategy for retail investors! Authoritative, in-depth, and practical financial information is here. Midea Group ‘s foreign shareholding ratio is at a new high, only 0 from the 28% “purchase limit line”.2 averages.  On January 13, the information disclosed on the official website of the Shenzhen Stock Exchange, as of January 10, foreign investors through QFII, RQFII, Midea Group shares held by Shenzhen Stock Connect accounted for the company’s total share capital.80%, a record high, further approaching the 28% “purchase limit line”.In addition, the foreign shareholding ratio tested by China Test also exceeded the 26% forecast line, reaching 26.19%.  As of this morning’s close, Midea Group reported at 60 yuan for the first time, approaching a level 60.Historical high of 8 yuan per pair.  Data source: These stocks of Wind have been bought and sold since 2019. Two stocks have reached the 28% upper limit stipulated in the Securities Exchange Implementation Rules for Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors.It is a group of Han’s Laser and Midea.  Data source: Before this, Wind ‘s closed Shanghai-Hong Kong Stock Connect trading channel dates back to 2015. Shanghai Airport ‘s Shanghai-Hong Kong Stock Connect purchase channel was temporarily closed due to its overseas holdings of more than 28%.The first stock to temporarily suspend buying due to its overseas holdings exceeding the red line.  Data source: Wind According to the relevant regulations of the China Securities Regulatory Commission, the shareholding ratio of all foreign investors in the A shares of a delisted listed company shall not exceed 30% of the total shares of the listed company.  The Hong Kong Stock Exchange also has corresponding regulations: when foreign investors hold more than 28% of shares, they will suspend acceptance of buying until the total shareholding ratio drops below 26%; at the same time, if they exceed 30%, they will be forced to start sellingProcedure, according to the principle of “buy first, sell first” will sell more than part.  In addition, if a stock reaches the limit of 28% of foreign shares, there is no longer room for foreign investment, which violates the principle of “investable”.Relevant targets will be removed from the index system by MSCI, FTSE Russell and other international index compiling companies.Once it is removed, it needs to be observed and replaced at least (for example, MSCI needs to observe for 12 months) before considering whether to re-substitute the replacement.  How to go sustainable after buying explosion?  After reaching the upper limit of the 28% foreign shareholding ratio, the Hong Kong Stock Exchange only accepts selling orders but not buying orders. Investors cannot help worrying about whether this will affect performance?  Judging from previous cases, a buying explosion does not necessarily mean that the skyrocketing or profitable funds leave the market leading to a slump.After all, individual stock trends need to return to company fundamentals.  On March 5, 2019, Han’s Laser issued an announcement saying that due to the total overseas shareholding ratio of more than 28%, Shenzhen-Hong Kong Stock Connect will suspend accepting buying of the stock from March 5, 2019, and the selling order will still be blocked.accept.The following month, Han’s Laser continued to briefly re-establish a new stage high.  Surprisingly, Han’s laser performance suddenly changed its face only six months later.On the evening of July 12, 2019, Han’s Laser released the 2019 semi-annual results preview,天津夜网 which shows that the net profit attributable to shareholders of listed companies can replace 60% to 65%.  Subsequently, Han’s laser aging declined all the way, with a 20% decline over four trading days, and its market value evaporated by about 8 billion.The proportion of Han’s lasers held by foreign owners has dropped sharply. Data shows that on July 15, 2019, Han’s Lasers were sold at least 5 million shares by QFII, RQFII, and Shenzhen Stock Connect investors, accounting for 0 of the company’s total share capital.46%.  However, from the perspective of consecutive cycles, the forward trend of each stock still needs to return to the company’s fundamentals.  Shanghai Airport issued an announcement on May 19, 2015, reminding that the total foreign shareholding ratio reached a warning line of 28%.From 2015 to June 2018, the foreign 南京夜网 shareholding ratio of Shanghai Airport has hovered above the 26% forecast line for a long time.  From the general trend point of view, since May 19, 2015, Shanghai Airport has gradually increased by 195%, far outperforming the broader market.  In addition to the United States, Northbound funds also bought these first days of 2020, and Northbound funds clearly bought 101.47 trillion US dollars, a total of 343 net inflows for the seven trading days ended January 10.02 billion.  From the perspective of public trading information, Northbound Capital has begun to deploy A-share cyclic assets since the new year.  One of the most iconic is China Construction, a leader in the construction industry.From January 2nd to 10th, China’s building construction expanded by 5 degrees.16%.  During this period, the number of shares held by Northbound Capital increased from 8.6.6 billion shares increased to 10.9.9 billion shares, an increase of 27%; holding the stock market value from 48.6.6 billion to 64.8.3 billion yuan, an increase of 33%.The public transaction information from January 2 to 10 shows that the shareholding ratio of northbound funds of many cyclical stocks such as Jinshi Resources, Bio-Chem, Hailier, and Suzhou Longjie increased significantly.  In addition, Tianqi Lithium Industry related to new energy, Ganfeng Lithium Industry, Tongwei Shares related to the photovoltaic industry, Jidong Cement related to infrastructure construction, and Zhongnan Construction have all received sufficient capital to increase their positions since the New Year.  Although the progress in the expansion of A-shares by major index companies has temporarily come to an end, they have been excessive and continuously re-inserted into the market.Guosheng Securities analysis believes that the reason for the sustained growth of foreign investment in the near future is the easing of external disturbances and the recovery of risk appetite to accelerate the expansion of transnational emerging markets.

Xingfa Group (600141) Annual Report 2018 Comments: Performance is greatly affected by the change in silicones Follow-up look at the price elasticity of glyphosate and silicones

Xingfa Group (600141) Annual Report 2018 Comments: Performance is greatly affected by the change in silicones Follow-up look at the price elasticity of glyphosate and silicones

Fourth-quarter results exceeded expectations: The rise in organic silicon prices affected the single-quarter net profit in the fourth quarter to zero.

$ 4.4 billion, mainly due to the decline in the price of silicones, while the company accrued zero asset impairment losses.

23ppm; the average price of organic silicon in the fourth quarter was 22,000 yuan / ton (including tax), compared with 33,000 yuan / ton in the third quarter, a decrease of 11,000 yuan / ton, and theoretically affected the company’s profit by about 2 in a single quarter.

530,000 yuan, equivalent to equity profits1.

27 trillion; Yidu Xingfa, which produces fertilizer, is still in the resetting state, with a net reduction of 32 million in 2018.

The price of THPS has fallen somewhat, and the profit contribution has decreased.

Potential incremental sources in 2019The company’s operating target for 2019 is 20 billion US dollars, an increase of 12% compared to 2018. Regardless of changes in trade income, the company’s revenue and profit increase in 2019 mainly come 上海夜网论坛 from:-: Due to the company’s technical transformation and environmental protection in the first half of 2018, product output and unit cost have a significant impact; it is expected that the company’s output will be completely normal in 2019; in addition, as the company’s acquisition of 25% of the minority shareholders’ equity in Taisheng in 2018 is completed,Fatal increase in shareholder performance;-Silicone price elasticity: Considering that the silicone capacity delivery in 2019 is mainly after the fourth quarter, the profit of silicones in the first three quarters is still worth paying attention to;-Electronic-grade fine chemical products: the company realizes electronicsDomestic production of high-grade sulfuric acid, electronic-grade phosphoric acid and phosphoric acid-based etching solutions; electronic-grade phosphoric acid is the most advanced product in the phosphorus chemical industry, and is widely used in the semiconductor industry for cleaning, etching of integrated circuits, electronic wafers, thin film liquid crystal displays and other components, andPreparation of high-purity special phosphate or high-purity organic phosphorus products; electronic grade tetramethylammonium hydroxide is basically completed;价Look elastic grid, every change in the price of 5%, respectively, affect pre-tax profit grass Gan Tang (1.

4 billion), silicone (0.

800 million), phosphate fertilizer (0.

78ppm), fine phosphate (0.

4.6 billion), phosphate rock (0.

3.6 billion).

Confirmation of the purchase price of Xingrui Silicon Materials: The transaction price of 50% equity of Xingrui Silicon Materials is confirmed to be 1,782,470,550 yuan, that is, the valuation of the silicone part is 35.

64ppm; Xingrui Silicon Materials’ net profit in the past three years was 2016-2018, 0.

6.6 billion yuan, 3.

4.6 billion yuan, 7.

02 trillion; 2018 net assets are 15 trillion; the average profit corresponding to the past three years is estimated to be 9.

6 times PE; performance commitment: Yichang Xingfa, Jin Fanda as the performance commitment party, Yichang Xingfa, Jin Fanda promised Xingrui Silicon Materials’ audited net profit after tax in 2019, 2020 and 2021, respectivelyNo less than 2.

7.9 billion, 5.

9.8 billion yuan and 4.

2.4 billion.

Estimated average profit for the next three years performance commitment is estimated to be 8.

2 times; considering the periodicity of organic silicon, Xingrui Silicon Materials’ estimates are reasonable.

The profit forecast and estimate give the company net profit for 2019-2021 is 3 respectively.

8.5 billion, 5.

1.3 billion, 5.

US $ 9.7 billion, corresponding estimates are 20 times, 15 times, and 13 times, taking into account the company’s low PB, phosphate ore, fine phosphate superior indicators, maintain the company’s buy rating.

Aojiahua (002614) Annual Report Commentary Report: Steady performance and development of the first category massage chairs help move forward

Aojiahua (002614) Annual Report Commentary Report: Steady performance and development of the first category massage chairs help move forward

Event: The company released its 2018 annual report and 2019 quarterly report, and realized revenue of 54 in 2018.

470,000 yuan, an increase of 26 in ten years.

86%, net profit attributable to mother is 4.

390,000 yuan, an increase of 27 in ten years.

22%, the overall performance maintained a steady growth trend.

2019Q1 achieved revenue of 12.

43 ppm, an increase of 20 in ten years.

18%, net profit attributable to mother is 0.

370,000 yuan, an increase of 30 in ten years.


The company’s overall gross profit level in 2018 was 36.

26%, with a net interest rate of 8.

13%, basically unchanged from 2017.

The company’s selling expenses, management expenses and R & D expenses were 9 respectively.

9.6 billion, 3.

6.8 billion, 1.

83 ppm, an increase of 22 in ten years.

49%, 42.

96%, 36.

32%, the increase in management expenses is mainly due to the company’s increased talent introduction and the implementation of the second phase of equity incentives.

The massage chair brand has become the company’s new pillar industry, and online and offline collaborative development has occupied the market. The massage chair category achieved 20 in 2018.

96 ppm, an increase of 62 in ten years.

86%, has jumped to the top category, accounting for about 40% of revenue.

In 2018, the company continued to polish and upgrade on the product side, launched the new version of the master’s hand warming chair AI version, and gradually continued to invest in the marketing side to maintain brand barriers and promote the three major brands of massage chair business (OGAWA, FUJI, COZZIA)A weekly increase of 34.


The core product Royal Hand Warm Master Chair sold 37,000 units worldwide in 2018, an increase of more than 80%.

The company actively deploys online channels and comprehensive sales network with offline store itineraries.

In 2018, the domestic offline channels initially increased by 45 each year.

60%, the growth rate of online channels reached 154 in ten years.

65%, driving a 69% increase in sales throughout the domestic market.

91%, the huge domestic health management needs are far from being met, and the domestic market is still the company’s main nugget.

The growth of overseas ODM business is good, and growth in South Korea and the United States is satisfactory.

In 2018, the company’s global ODM business sales increased by 34%, the South Korean market was close to 30 million US dollars, growing by 162% annually, and the US market was growing by 54%. We can see that even in mature regions, the market potential is still to be tapped.

Relying on excellent ODM manufacturing capabilities and brand output, the company has further growth potential in the global market in the future.

Maintain “Buy” rating In 2019, the company will maintain its flagship product iteration in the high-end market, maintain its core competitiveness, and gradually realize multi-dimensional creation of low-end and mid-range products to meet the needs of different groups of

Actively promote both 4 at the same time.

0 The construction of industrial parks will alleviate pressure on production capacity and 南宁桑拿 protect market demand.

We expect the company’s net profit to be 5 in 19-21.98/8.


9 trillion, corresponding to EPS 1.



94 yuan / share, maintain “Buy” rating.

Risk warning: exchange rate fluctuation risk, overseas market sales fluctuation risk, terminal promotion failure to meet expectations, risk of insufficient production capacity, etc.

Sinopec (600028) Quarterly Report Commentary: Refining and Chemicals Segment Increases Revenue but Does Not Increase Profits

Sinopec (600028) Quarterly Report Commentary: Refining and Chemicals Segment Increases Revenue but Does Not Increase Profits

Matters: The company released the third quarter report for 2019: the first three quarters achieved operating income of 22,333.

1 ppm, an increase of 7 per year.

7%; net profit attributable to mother 432.

8 percent, an increase of -27 per year.

8%; budget benefit 0.

36 yuan, 6 yuan net assets.

Ping An’s point of view: Increasing revenue does not increase profits, and the refining and chemical business drags down the company’s performance: the company experienced an increase in revenue but no increase in profits in the first three quarters, and its revenue increased during the reporting period every ten years.

7%, return to mother’s net profit for ten years downgrade.


On a month-on-month basis, third-quarter revenue was 734.3 billion yuan, a month-on-month decrease of 6.

0%, net profit attributable to mother 119.

400 million, down 27.

9% is the worst single season for reporting routines.

In terms of segments, the operating profit and investment income of the 苏州桑拿网 exploration and development segment in the first three quarters (the same below) totaled 96.

9 trillion, an increase of 19,682% in ten years (the same period last year 0.

4.9 billion); refining plate 206.

800 million, exceeding the ceiling by 62%; chemical sector 192.

9 trillion, an average of 31% in ten years; marketing and distribution sector 254.

3 ‰, an average of 1% for ten years, basically stable.

The increase in performance during the reporting period was mainly due to increased production capacity of the refining and chemical industries, increased industry competition, lower prices of refined oil and chemical products, and increased crude oil procurement costs.

Profit forecast and investment advice: The company’s oil and gas business performed well in the first three quarters, but the refining and chemical business grew at a larger rate. Looking forward to the final forecast, the company’s business in exploration and production and oil and gas sales will grow steadily, and it will still be the highlight of major business.

However, the restructuring of private refining and petrochemicals has been put into production one after another, competition in the refined oil industry has become increasingly fierce, and the prices of chemical products are affected by costs and the macro environment, and it is expected that they will still be under pressure.

Taking all factors into consideration, we adjusted the net profit attributable to mothers for 2019-2021 to be 562, 626, and 689 percent (original values of 608, 681, and 779 percent), and the corresponding EPS was 0.

46, 0.

52 and 0.

57 yuan, the corresponding PE is 10.

5, 9.

5 and 8.

6 times, maintaining the “recommended” level.

Risk reminders: 1) Too high or too low oil prices will adversely affect profits; 2) Competition in the domestic refined oil market will become increasingly fierce in the future; 3) It is necessary to deal with competition from shrinking regional and internal competition abroad; 4) MacroeconomicProsperity has led to a decline in product demand growth; 5) Risks exist in the establishment of the national pipeline network company and the mixed ownership reform of the sales sector; 6) Less than expected progress of projects under construction will affect the company’s profitability.

Yoga does not hurt for 1 minute every day

Yoga does not hurt for 1 minute every day

This iceberg movement can fracture the entire spine and relax the hip muscles.

  1. Keep your upper body straight and sit cross-legged.

  2. Inhale for 3 seconds, straighten straight to the left and right sides at the same time, palm up, lift from the side, and reach the top of the head.

  3. Exhale for 3 seconds, rotate your upper body 90 degrees to the right and hold your breath for 6 seconds.

Then inhale for 3 seconds and turn your upper body back to its original position.

  4. Exhale for 2 seconds, palm down, arms from the top of the head to the sides of the body.

  Note: People with severe heart problems cannot do this.

  Hand-lifting This action can eliminate the stiffness of the shoulders and upper and lower ends.

  1. Merge your feet with your tips, or split your feet half wide. Cross your hands in front of your body and relax your body.

  2. Inhale for 3 seconds, raise your arms upwards, and keep your hands crossed.

Tilt your head back slightly, look up and stop for 6 seconds.

(It is not required to hold your breath).

  3. Expand the radius to the same height as the shoulder, and stop for 6 seconds.

  4. Inhale for 3 seconds to resume the position of crossed hands and stop for 3 seconds.

  5. Exhale for 3 seconds and lower your arm to return to the starting position.

Repeat 5 times.

  Hare This action can stretch the hip muscles and open the spine joints, such as space, instead of the pressure of the spine.

  1. Knees and thighs sit at 90 degrees, with the upper body straight. While inhaling, raise the bar upwards, then bend forward, raise hips, keep arms, head and torso in a straight line until the hands can rest flat.On the ground, his forehead touches the ground.

  2. Raise the forehead slightly after a few seconds and keep it for a few minutes.

  3. Then inhale slowly, straighten your upper body, and return to the starting position.

  The cat fractured posture helps to improve prevention and spinal flexibility.

  1. After kneeling at 90 degrees with the lower legs and thighs, the front bow of the upper body is parallel to the ground, and the hands are vertical enough to be on the ground.

  2. Inhale, raise your head as much as possible, and straighten your spine.

  3. Properly and fully expand the abdomen, absorb sufficient air into the lungs, and hold your breath for 6 seconds.

  4. Exhale, lower your head (not too low), arch your body upwards, fracture the spine, and hold for 6 seconds.

One day at the office

One day at the office

[Get up early]Spring is great, dawn is early.

Joining a morning exerciser can make your day full of work.

The best exercise methods are: jogging + qigong first move your hands and feet before running, shake your hands, press your legs, and turn your waist.

The length of the run can be determined according to your own and objective conditions. You can also run with your legs high outdoors or use a street treadmill.

Walk around and ask the body to relax, and you can practice aerobic breathing qigong by taking a deep breath: legs open with your shoulders level, your body relaxed after closing your eyes, inhaling into the abdomen, and holding your breath for 10 seconds from Dantian through the chest and throatThe small tongue, the back of the brain to the spine of the waist, and then slowly exhale the gas in the body, so the cycle is 20?
30 minutes.

  Rope skipping + doing rope skipping can promote blood circulation and provide the brain with more oxygen and nutrients, thereby improving the ability of thinking and imagination through the effects of activating the collaterals, strengthening the brain, and warming the internal organs.

Skipping for 15 minutes, and doing exercises is to calm the emotions, so that all parts of the body muscles get exercise, so it is also appropriate to take 15 minutes.

  Cycling to work is also a good fitness exercise!

Have you tried jogging or walking to work?

If the office is close to home.

Put on a leather suit in the office, wear sportswear and running shoes to be active on the road. This is the world’s most popular white-collar work song.

  [Lunch]Diet Diet is also a guarantee of a healthy body, and lunch is especially important.

Care should be taken to choose foods that are fresh, low in trace and sugar content, and high in vitamins and minerals.

Such as: vegetables, fruits, dairy products, kelp, juice, etc.

The right amount of fruit wine or health vinegar will not only help you digest, but also make you full.

  Sports If your work unit has activity conditions and venues, the best exercise after lunch is not intense ball games-table tennis, tennis, badminton, etc.

When the line of sight moves up and down, left and right, and high and low, the ciliary muscles and extraocular muscles continue to relax and contract, rebuilding the blood supply and metabolism of the eyeball tissue, and improving the vision.

  [Evening]Mr. Office is appointed as a person who will return home from work, full of food and drink, and the most unhealthy thing is to endlessly lie on the sofa and watch TV.

With this every day, it is better to take two nights a week to go to the pool for a night show.

Studies have found that all aerobic fitness exercises have weight loss effects, but exercise with both hands and feet is superior.

Skiing, swimming, basketball, and mountain climbing are particularly effective for temporary consumption.

But the average person should take short time and small amount of exercise as the primary conditions at night.

In the case of working late at night, the choice of meals is very important.

Do not overdo foods that are easy to digest, such as milk, porridge, pasta, and egg soup.

Because at this time the blood will be concentrated in the stomach to help digestion, easily causing adverse reactions such as drowsiness, stomach pain, unclear thinking, etc., which is harmful to the body.